5609.0 - Housing Finance, Australia, Feb 2013 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 15/04/2013   
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FEBRUARY KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Feb 2013
Jan 2013 to Feb 2013
Feb 2013
Jan 2013 to Feb 2013

Value of dwelling commitments(a)(b)
$m
% change
$m
% change
Total dwellings
21 657
0.6
21 826
1.4
Owner occupied housing
13 834
0.0
13 946
1.2
Investment housing - fixed loans(c)
7 823
1.5
7 879
1.8
Number of dwelling commitments(a)(b)
no.
% change
no.
% change
Owner occupied housing
44 931
-0.5
45 423
2.0
Construction of dwellings
4 983
0.5
5 058
1.5
Purchase of new dwellings
2 496
-0.7
2 519
0.6
Purchase of established dwellings
37 453
-0.7
37 846
2.1

(a) Includes refinancing (see Glossary).
(b) Excludes alterations and additions.
(c) Excludes revolving credit.

Value of dwelling commitments, Total dwellings
Graph: Value of dwelling commitments, Total dwellings

No. of dwelling commitments, Owner occupied housing
Graph: No. of dwelling commitments, Owner occupied housing




FEBRUARY KEY POINTS


VALUE OF DWELLING COMMITMENTS

February 2013 compared with January 2013:
  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 1.5%, while owner occupied housing commitments was flat.
  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.4%.


NUMBER OF DWELLING COMMITMENTS

February 2013 compared with January 2013:
  • In trend terms, the number of commitments for owner occupied housing finance fell 0.5%.
  • In trend terms, the number of commitments for the purchase of established dwellings fell 0.7% and the number of commitments for the purchase of new dwellings fell 0.7%, while the number of commitments for the construction of dwellings rose 0.5%.
  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 14.4% in February 2013 from 15.0% in January 2013.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
March 2013 13 May 2013
April 2013 11 June 2013
May 2013 12 July 2013
June 2013 7 August 2013
July 2013 9 September 2013
August 2013 14 October 2013



REVISIONS

In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions have impacted on:
  • Owner occupied housing for January 2013
  • Investment housing for January 2013
  • Housing loan outstandings to households for the period September 2012 to January 2013.

Seasonally adjusted and trend series have been revised as a result of revisions to the original series, the incorporation of estimates for the latest month and the revision of seasonal factors due to the concurrent seasonal adjustment methodology.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Anita van den Bogaardt on Sydney (02) 9268 4186.